基于组织复杂性视角的金融集团内部资本市场效率研究

发布时间：2018-01-03 13:07

本文关键词：基于组织复杂性视角的金融集团内部资本市场效率研究　出处：《中国管理科学》2017年06期 　论文类型：期刊论文

【摘要】：在金融业综合经营的趋势背景下,本文首次从组织复杂性视角研究我国金融集团内部资本市场的效率问题。在理论上,界定了金融集团的组织复杂性,探讨了其与内部资本市场效率潜在的线性和非线性关系。在实证上,运用熵值法计算金融集团的组织复杂性,构建"投资现金流敏感性分析"模型,检验了样本金融集团内部资本市场的存在性和有效性以及其效率与组织复杂性的关系。研究发现,我国样本金融集团普遍存在有效率的内部资本市场,且组织的结构复杂性和行为复杂性与内部资本市场效率具有倒U型曲线关系,组织的关系复杂性对内部资本市场效率没有显著影响。因此,可以通过组织复杂性的优化管理来提高金融集团内部资本市场的效率。
[Abstract]:In the comprehensive management of the financial industry background, the efficiency problem of this study of internal capital market in our financial group for the first time from the organization complexity perspective. In theory, the definition of organizational complexity of financial group, discusses the relationship between linear and nonlinear potential and efficiency of internal capital market. In the empirical research, the calculation complexity of organization financial group the application of entropy method to construct "investment cash flow sensitivity analysis model to test the internal capital market sample financial group's existence and validity as well as the relationship between the efficiency and complexity of organization. The study found that our sample financial group, there was widespread efficiency of the internal capital market structure, complexity and behavior complexity and internal capital market the efficiency and organization of inverted U curve, the relationship between organizational complexity had no significant effect on the efficiency of internal capital market. Therefore, you can pass Optimizing management of organizational complexity to improve the efficiency of the internal capital market of financial groups.

【作者单位】：中南大学商学院;
【基金】：国家自然科学基金资助项目(71302066) 教育部人文社会科学规划基金项目(11YJA790158)
【分类号】：F832.3
【正文快照】： 1引言随着金融自由化、全球化和一体化,金融业之间的竞争形式与格局发生巨大变革,金融业综合经营已成为世界金融服务发展的趋势,整个金融系统也变得比以往更加复杂[1]。在企业组织方面,一个组织要想在错综复杂、瞬息万变的环境下生存与发展,就必须能够迅速调整自己的内部结构,

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